‘Very strong levels of buyer demand’: Volkswagen Touareg named fastest selling used car
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The study, from Auto Trader’s Fastest Selling Index, ranked the potential speed at which vehicles will sell based on live supply and demand in the market. It found that the 2016 automatic diesel Touareg took an average of just 22 days to leave car dealer forecourts.
The German SUV won the Best Car for Towing award at the Auto Trader New Car Awards.
The 2018 Ford Edge also took a predicted average of 22 days to sell.
These cars are followed by the 2018 Ford Kuga, the 2016 Land Rover Discovery Sport and the 2018 Mercedes-Benz GLA Class, which were all predicted to sell in 23 days.
Karolina Edwards-Smajda, Auto Trader’s director of commercial products, commented on the demand for cars after the pandemic.
She said: “We’ve seen already very strong levels of buyer demand accelerate following the reopening of physical forecourts in April, but it looks as though it’s been given an extra boost in anticipation of the easing of most COVID-19 restrictions this week.
“This is having a significant influence on the speed of sale and used car prices, as well as the overall market health.
“It is still crucial however, that retailers keep abreast of the micro and macro market conditions to inform their pricing and sourcing strategies, and ultimately, to ensure they are making as much profit from their forecourts as possible.”
According to Auto Trader data, SUVs are the most in demand body type, with searches having increased ten percent year-on-year.
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This is despite the lower supply levels, which were estimated to have fallen by -8.7 percent.
Last week, the average price of a used SUV was £22,288, which is a year-on-year increase of 13.1 percent.
Barny Francis, Volkswagen UK’s National Used Car Manager, praised the flagship SUV and its appeal.
He said: “Every generation has combined luxury, quality, comfort and the latest technology to create a compelling packaging.
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